The Chief Executive Officer for embattled online gaming operator PartyGaming, Jim Ryan, gave an interview over the Christmas period to The Financial Times newspaper and revealed his plans for the future.
Canada-born Ryan took over the helm for PartyGaming in May from countryman Mitch Garber. He is a highly experienced Internet and technology executive with 22 years of experience including serving as Chief Executive Officer for St Minver Limited. He revealed that he was sticking to a three-year plan that has been designed to see PartyGaming return to its former dominant position in the world of online poker.
“This is a marathon, not a sprint,” said Ryan.
“We have been chasing quarterly profits but the market has become so competitive you’ve got to know where you’re going. We’re not so much slowing down but keeping ourselves focused.”
The 46-year-old stated that he does not know whether online gambling will become legal in the US under new President Barack Obama but that he would ‘prepare the company for that day’.
“Our job, frankly speaking, is to take share back”, said Ryan.
“It may cost us more.”
Ryan stated that there will only be five online poker operators of any consequence in next three years and that PartyGaming would be one of them.
“That being said, our job is to acquire more casino players, more sports betting players,” he stated.
“We need to have less focus on cross-selling, more on acquiring players.”
He also talked up the operator’s completely integrated platform that offers poker, casino, sportsbetting, bingo, backgammon and party markets from one site.
“We offer six different products with one back office platform,” said Ryan.
“One deposit, one account. It’s a one-stop shop. That is still the main strategic objective for a number of our competitors. We have it already.”